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BEAMX is beaming downwards #BEAMX/USDT #Analysis Description --------------------------------------------------------------- + BEAMX has formed a well-defined rising wedge pattern, which typically indicates a bearish trend in the chart. + Should the price breach the support line, we anticipate a sustained decline in price. + I plan to initiate a short trade as soon as the price breaches the support line, while maintaining a moderate stop loss. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 0.032179 Stop Loss: 0.03804 ------------------------------ Target 1: 0.03043 Target 2: 0.02921 Target 3: 0.02687 Target 4: 0.02443 ------------------------------ Timeframe: 4H Capital: 1-2% of trading capital Leverage: 5-20x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Short
by VectorAlgo
WHAT IS THE NEXT MOVE FOR EURUSD CURRENCY PAIR? READ THE CAPTIONFundamentally, the euro has been under pressure due to concerns about economic growth in the Eurozone. Recent data releases, including disappointing PMI figures and sluggish GDP growth, have raised worries about the region's recovery from the pandemic-induced recession. Moreover, uncertainty surrounding the geopolitical situation in Eastern Europe has added to investor caution, leading to a flight from euro-denominated assets. In contrast, the US dollar has found support from strong economic data releases, particularly in the labor market and consumer spending sectors. Robust employment figures, coupled with rising inflationary pressures, have fueled expectations of tighter monetary policy from the Federal Reserve. The anticipation of interest rate hikes has strengthened the dollar against its major counterparts, including the euro. Looking ahead, market participants will closely monitor economic indicators from both the Eurozone and the United States for further insight into the economic recovery trajectories. Key data releases, such as inflation figures, GDP growth rates, and central bank communications, will likely drive movements in the EUR/USD pair in the coming weeks. Additionally, geopolitical developments, particularly those related to tensions in Eastern Europe, could introduce volatility and impact investor sentiment towards the euro. Overall, the fundamental backdrop suggests a bearish bias for EUR/USD, with economic divergence between the Eurozone and the United States likely to persist in the near term. --- Please like comment and follow thanks for support.
Short
by Forex_Haleh_signals_professor
Sideway, weekend accumulation for Gold⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Meanwhile, yields on US Treasury bonds are increasing on the shorter end of the yield curve, indicating that investors are still doubtful about the possibility of the Federal Reserve reducing interest rates during either the March or May meetings. The most recent minutes from the Federal Open Market Committee (FOMC) emphasized that the US central bank is strongly committed to addressing inflation, despite the fact that there are more potential risks to the economy. Policymakers stressed that they would make decisions regarding monetary policy based on data analysis. The FOMC Minutes revealed that Fed officials are still cautious about cutting rates prematurely. They stated that it would not be appropriate to lower interest rates until they have "greater confidence" that core inflation will consistently reach 2%. While policymakers acknowledged that the risks associated with achieving their mandates are becoming more balanced, they remain highly focused on inflationary risks, despite the downward economic risks. ⭐️ Personal comments NOVA: At the end of the week, Gold price supports a sideways trend and accumulates for the next week ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2012 - $2010 SL $2005 TP1: $2016 TP2: $2024 TP3: $2030 Pay attention to the sideway resistance and support areas: $2030 and $2020 🔥SELL GOLD zone: $2038 - $2040 SL $2045 TP1: $2034 TP2: $2028 TP3: $2020 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
12
Waiting for good news PMI for Gold⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold has remained largely the same following the release of the meeting minutes from the US Federal Reserve (Fed) in January. These minutes provided assurance to market participants that the Fed does not have immediate plans to reduce interest rates. Although this could be interpreted as a "hawkish" stance, US Treasury bond yields remained stable upon the release, while the value of the US dollar (USD) slightly decreased by 0.04%. Currently, the XAU/USD is trading within the range of $2020-30. ⭐️ Personal comments NOVA: After yesterday's FOMC meeting, Gold prices still maintained the cumulative sideway trend, with not much change in concerns about inflation. The war situation in the Middle East is still a factor helping Gold maintain above $2020 It is expected that today's PMI news will still help Gold have more motivation to increase in price ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2010 - $2012 SL $2005 TP1: $2018 TP2: $2024 TP3: $2031 🔥SELL GOLD zone: $2038 - $2040 SL $2045 TP1: $2030 TP2: $2020 TP3: $2010 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
3
FOMC factor determines the upcoming trend of Gold⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Trading in the US resumed on Tuesday following the Presidents' Day holiday on Monday. The yield of the 10-year US Treasury bond decreased by four basis points to 4.256%, indicating a slight decline. Surprisingly, despite concerns about the US Federal Reserve (Fed), investors remain cautious as data from the Chicago Board of Trade (CBOT) predicts a smaller rate cut of 102 basis points in 2024, compared to the previous estimate of 180 bps in mid-January. However, the US dollar (USD) is currently stagnant due to the absence of economic data on the US agenda. Traders are eagerly awaiting the release of the minutes from the latest Federal Open Market Committee (FOMC) meeting. ⭐️ Personal comments NOVA: Gold's recovery still shows the market's optimism in the precious metal at present. Gold price is close to the $2030 resistance zone and shows quite a large buying force. Today's FOMC meeting information will determine the upcoming short-term trend ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2010 - $2012 SL $2005 TP1: $2018 TP2: $2025 TP3: $2032 🔥SELL GOLD zone: $2038 - $2040 SL $2045 TP1: $2030 TP2: $2020 TP3: $2010 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
11
Gold price is still in recovery and sideways⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold has continued to rise for three consecutive days after recent economic data from the United States showed that inflation is still higher than the target set by the US Federal Reserve. Both the Consumer Price Index (CPI) and the Producer Price Index (PPI) for January exceeded expectations, surprising traders and reducing the likelihood of a rate cut by the Fed in March and May. This led to an increase in the value of the US dollar (USD), which has been on the defensive since last Tuesday. The XAU/USD pair is currently trading at $2016.30. In response to the latest inflation reports, traders turned to gold as a means of protection. Furthermore, the decrease in yields on US Treasury bonds, specifically the 10-year note which reached a year-to-date high of 4.332%, dropped by four basis points to 4.293%. As a result, real yields, which have a negative correlation with gold prices, decreased from around 2.04% on Wednesday to 1.950%, as indicated by the yield on the US 10-year Treasury Inflation-Protected Securities (TIPS). ⭐️ Personal comments NOVA: Gold price is in a recovery phase after a sharp DECREASE back to the area below $1990. Currently on the sidelines and waiting for information from the FOMC meeting on Wednesday ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2006 - $2008 SL $2000 TP1: $2012 TP2: $2017 TP3: $2022 🔥SELL GOLD zone: $2029 - $2031 SL $2036 TP1: $2022 TP2: $2017 TP3: $2008 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
15
EUR/ JPY !! 20/2/2024 Resistance zone, SELL NOW⭐️ Smart investment, Strong finance ⭐️ Personal comments NOVA: Strong resistance zone at 161,900, no important economic data today, correction DOWN ⭐️ SET UP EUR/ JPY PRICE: 🔥SELL zone: 161.870 - 162.070 SL 162.370 TP1: 161.570 TP2: 161.270 TP3: 160.870 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
Short
by Nova-Scalper
6
Still recovering momentum from Gold !! ⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) remains above $2,000 during the early Asian session on Monday. Economic data from the US indicates that inflation is higher than expected, leading financial markets to revise their expectations about the Federal Reserve (Fed) cutting interest rates in June. Currently, the gold price is trading at $2,014, reflecting a 0.12% gain for the day. In January, the Producer Price Index (PPI) for final demand increased by 0.3% compared to a 0.1% decline in December. This marks the largest increase since August 2023. On a yearly basis, the PPI figure rose by 0.9% compared to a 1.0% increase in the previous reading. In contrast, US Housing Starts experienced a significant decline of -14.8% from 1.562M to 1.331M, while Building Permits slumped by -1.5%. ⭐️ Personal comments NOVA: Still recovering, increasing price from Gold, approaching $2020 area, expecting the next DOWN trend ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $1985 - $1987 SL $1980 TP1: $1992 TP2: $2000 TP3: $2010 Pay attention to the $2010 support zone 🔥SELL GOLD zone: $2028 - $2030 SL $2035 TP1: $2020 TP2: $2010 TP3: $2000 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
7
EUR/ NZD !! Trendline DOWN !! SELL now ⭐️ Smart investment, Strong finance ⭐️ Personal comments NOVA: The price range is following a DOWN trend, touching the trendline along with the resistance area, suitable for a SELL signal ⭐️ SET UP PRICE: 🔥SELL EUR/ NZD zone: 1.76630 - 1.76800 SL 1.77130 TP1: 1.76330 TP2: 1.76000 TP3: 1/75700 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
Short
by Nova-Scalper
8
Continue the DOWN trend next week !! XAU ✍️ NOVA hello everyone, Let's comment on gold price next week from 19/2 - 23/2/2024 🔥 World situation: In the meantime, there were updates from Federal Reserve officials, specifically Atlanta's Fed President Raphael Bostic and San Francisco Fed President Mary Daly. Bostic emphasized the need for patience and predicted that there could be two rate cuts in the summer if the data supports it. Daly acknowledged that there is work to be done and cautioned against acting hastily when patience is required, instead advocating for agility in response to the evolving economy. Both officials recognized that inflation is trending downward but remain cautious about the timing of implementing policy easing. Considering the underlying factors, the price of Gold would be influenced by the outlook of the US economy. An increase in inflation could lead to a rise in US Treasury bond yields, resulting in further downside for XAU/USD. On the other hand, if inflation continues to align with the Fed's 2% target, this could create an opportunity for rate cuts, which would impact the appeal of the Greenback. Consequently, the upside potential for XAU/USD is anticipated. 🔥 Identify: The slight recovery this week has helped Gold prices return to above $2010. But still within the bearish trendline. Selling pressure next week will continue to weigh on Gold prices 🔥 Technically: Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows: Resistance: $2037, $2053 Support : $1987, $1974 🔥 NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
6
Continuing DOWN trend !! XAU DOWN⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Fed Chair Jerome Powell and a number of other Federal Reserve officials have expressed the central bank's desire to gather more positive data and confirm the direction of inflation before implementing any changes to monetary policy. As a result of these statements, the financial markets are currently putting an 80% probability on a rate cut by the Fed in June. This reduces previous expectations that the central bank would begin cutting rates in May, as indicated by the CME FedWatch Tool. It is important to note that higher interest rates decrease the attractiveness of non-yielding metals, as they face increased competition from higher-yielding investments. In addition to this, Israel carried out extensive and deadly airstrikes in southern Lebanon on Wednesday, in response to a missile attack that caused fatalities in northern Israel. Israeli leaders have warned that if the cross-border violence persists, they will take significantly stronger military action in Lebanon. The ongoing geopolitical tensions in the Middle East may contribute to an increase in the price of gold, which is traditionally seen as a safe-haven asset. ⭐️ Personal comments NOVA: Gold's DOWN trend still prevails, strong selling pressure causes a lot of SELL volume. Gold prices are likely to continue to fall ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $1975 - $1977 SL $1970 TP1: $1982 TP2: $1987 TP3: $1993 Pay attention to the $2005 resistance area 🔥SELL GOLD zone: $2015 - $2013 SL $2020 TP1: $2008 TP2: $2000 TP3: $1993 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
12
XAUUSD sell Gold gathered recovery momentum and climbed above $2,000 in the American session on Thursday. The benchmark 10-year US Treasury bond yield is down more than 1% on the day following the mixed US data, helping XAU/USD stretch higher. On the flip side, any attempted recovery beyond the $2,000 mark now seems to confront stiff resistance near the $2,011-2,012 area. That said, some follow-through buying, leading to a subsequent strength beyond the $2,015 level, might trigger a short-covering rally and lift the Gold price to the 50-day SMA, currently around the $2,030 region. The latter should act as a key pivotal point, which if cleared decisively will set the stage for additional gains beyond the $2,044-2,045 intermediate hurdle, towards the $2,065 supply zone. Gold rebounds above $2,000 as US yields edge lower
OANDA:XAUUSDShort
by JohnHarry_7
USD JPY Sell The USD/JPY pair resumes its upward journey after a mild correction to near 150.40 in the European session on Wednesday. The asset rebounds as dismal market sentiment has improved the appeal of the US Dollar. USD/JPY is seeing a fresh selling wave, closing in on 150.00 in the Asian session on Thursday. The pair is tracking the US Treasury bond yields lower, shrugging off the weak Japanese Q4 GDP report. A cautious risk tone is also boding well for the safe-haven Yen. US data flow awaited. How could USDJPY move this year? Our experts make a USDJPY update forecasting the possible moves of the yen-dollar pair during the whole
Short
by JohnHarry_7
1